SBI Bank holds its 29th AGM
The meeting agreed to pay Dividends @ 10.53% (Bonus Shares @ 3.00% and Cash Dividend @ 7.53%) to its shareholders.
KATHMANDU: Nepal SBI Bank Limited held its 29th Annual General Meeting today at the Tribhuvan Army Officers’ Club in Bhadrakali, Kathmandu.
The Directors Report, Annual Financial Statements (Statement of Financial Position, Statements of Profit or Loss, Statement of Comprehensive Income, Statement of Cash Flow, and all related schedules and notes to the Annual Report) for FY 2078/79 (2021/22) were approved at the AGM.
The meeting agreed to pay Dividends @ 10.53% (Bonus Shares @ 3.00% and Cash Dividend @ 7.53%) to its shareholders.
The meeting also approved the Bank’s Audited Consolidated Financial Statements for FY 2078/79 (2021/22), including the Audited Financial Statements of the Bank’s subsidiary, Nepal SBI Merchant Banking Limited.
The meeting appointed and ratified M/s S.A.R. Associates, Chartered Accountants as Statutory Auditors for the fiscal year 2079/80 (2022/23) and approved their fees.
The meeting also approved amendments proposed under various Clauses/Articles of the Bank’s Memorandum and Articles of Association.
The meeting also approved a resolution authorizing the Board of Directors to enter into necessary Memorandums of Understanding/Agreements for merger with or acquisition of other suitable banks and financial institutions, as well as to perform all necessary merger/acquisition functions.
